|Bid||46.65 x 800|
|Ask||46.90 x 900|
|Day's Range||45.59 - 47.05|
|52 Week Range||40.58 - 106.96|
|Beta (3Y Monthly)||1.64|
|PE Ratio (TTM)||21.18|
|Earnings Date||Jan 23, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||2.00 (4.37%)|
|1y Target Est||72.20|
Western Digital (WDC) closed the most recent trading day at $46.60, moving -0.28% from the previous trading session.
This article first appeared on SumZero, the world’s largest research community of buyside investment professionals. Disclaimer: The author’s fund had a position in this security at the time of posting and may trade in and out of this position without informing the SumZero community. (WDC) is a California-based leading developer, manufacturer, and provider of data storage devices and solutions.
The stock market rout in October hit a lot of stocks hard, and once high-flying chipmaker Nvidia (NASDAQ:NVDA) was among the hardest hit. In October, NVDA stock was a stock that had gone from $25 to $300 in just three years. Now, Nvidia stock is a stock that has dropped more than 30% in just over a month.
Not long ago, Nvidia (NASDAQ:NVDA) traded at close to $300 a share in October. With that in mind, investors are wondering, what’s in store for NVDA stock after the company reports earnings on Thursday, Nov. 15? At 31 times earnings, investors are in no mood to face any lowered expectations from Nvidia management.
The name of the game in investing is "total return." When you buy a stock, your total return comes from two places - price appreciation and dividends. For the longest time tech stocks were never mentioned hand-in-hand with dividend stocks. Pick up Amazon.com (AMZN) for $300, sell half at a thousand bucks a few years later, and you're sitting on free shares worth $1,600 each a year after that. That's the blueprint! Many tech stocks used to offer share splits as their prices rocketed higher. However many technology companies are maturing, and with breakneck growth in the rear-view mirror, and they need a different way to draw investors. The answer, for many, has been to start delivering dividends, paying investors for owning their shares. To be clear, tech stocks that pay dividends aren't done growing. The increased presence of technology in all aspects of human life means that there's still plenty of upside, even for Wall Street's biggest tech companies. To wit, old-guard blue chip Microsoft (MSFT) has surpassed Google parent Alphabet (GOOGL) and Facebook (FB) in market value this year, and it's neck-and-neck with Amazon. Here are 10 tech stocks that offer an ideal combination of dividends and growth potential. They might not be the flashiest names in the sector, but they deserve attention nonetheless. SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond
Supercomputing 2018 (#SC18), Booth #3901 – Western Digital Corporation (WDC), a data infrastructure leader, today announced it is extending the breadth and depth of its data center portfolio into the rapidly evolving in-memory computing market segment. The new Ultrastar® DC ME200 Memory Extension Drive is the company’s first product that enables customers to better optimize in-memory system capacity/performance for running demanding applications that drive today’s real-time analytics and business insights. “Today’s requirement for faster analytics, data processing, cloud services and high-performance computing (HPC) is increasing demand for in-memory computing across a variety of industries, including healthcare, telecommunications and IT, and retail,” said Ashish Nadkarni, group vice president, IDC.
After three weeks of tech earnings report, we have seen major tech companies like Apple Inc. and Amazon.com Inc. get hammered after poor forecasts, but the real danger for tech is being voiced by companies that are not as well-known.
Memory chips are putting pressure on the hard drive maker's entire product portfolio's street prices, with immediate effects on the company's total sales and profits.
Moody's Investors Service (Moody's) affirmed Western Digital Corporation's ("WDC") Baa3 senior unsecured rating and changed the ratings outlook to negative, from stable. The ratings action reflects uncertainty in WDC's business outlook and Moody's expectation for a substantial erosion in earnings, financial leverage and free cash flow over at least the next 12 months. Moody's analyst Raj Joshi said, "Based on our current view that steep declines in prices driven by oversupply of NAND memory are likely to persist through at least mid-2019, WDC's adjusted operating profits could decline by up to 50% in fiscal year 2019." WDC faces significant challenges amid steeper than expected declines in the prices of NAND memory and industry oversupply that have been exacerbated by the slowing demand for high-capacity storage solutions by data center customers after several quarters of robust demand.
Western Digital Corp. (WDC) today announced that the board of directors declared a cash dividend for the quarter ending Dec. 28, 2018, of $0.50 per share of common stock (the "cash dividend"). The cash dividend will be paid on Jan. 14, 2019, to the company's stockholders of record as of Dec. 28, 2018. The amount of future dividends under the company's dividend policy, and the declaration and payment thereof, will be based upon all relevant factors, including the company's financial position, results of operations, cash flows, capital requirements and restrictions under the company's financing documents, and shall be in compliance with applicable law.
Western Digital (WDC) closed the most recent trading day at $48.53, moving -0.76% from the previous trading session.
Western Digital (NASDAQ:WDC)'s stock price was down 23.73% in the third quarter of 2018 and was the largest detractor of performance for the Fund this quarter. Past NAND memory cycles6 are a useful guide for today's environment. Gross margins cratered during past down cycles and we believe they are likely to crater again.
The FPA Capital Fund (Trades, Portfolio), Inc. ("Fund") was down 0.61% (net) in the third quarter of 2018. As we wrote in our last quarterly letter, even though the Russell 2500 index's year-to-date performance is strong at 10.41%, most of that performance is coming from Russell 2500 Growth stocks. Warning! GuruFocus has detected 4 Warning Sign with SAVE.
Since June 2018, Micron Technology (NASDAQ:MU) has done the unthinkable after reporting incredibly strong revenue: Micron stock topped off at over $60 but it has since bottomed out at $35. It took a stock market rally for a few consecutive days to get the stock back to $40. Stock price movement aside, markets did have it right when it priced in lower memory and flash NAND prices.
During October’s market selloff, the chip sector has experienced some of the worst selling pressure. Just look at the drops in the stocks of companies like Micron Technology (NASDAQ:MU), Texas Instruments (NASDAQ:TXN),Western Digital (NASDAQ:WDC), and NVIDIA (NASDAQ:NVDA). Although the latter company is one of the leaders of the chip sector, NVDA stock has dropped about 30% in the last month.
NEW YORK, Nov. 01, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Who is right about the data center? Who can tell us if there is a slowdown or not? When we look at Friday's decline and fall of anything having to do with cloud and the data, we find ourselves wondering if this is the end of the greatest secular theme of the era, the expansion of the cloud as the heart of information technology spending.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return Read More...
The stock of storage company Seagate (STX) declined 8.94% on October 26 to close trading at $38.80. The stock has fallen 18% this month and 4% in 2018. Seagate stock is trading 38% below its 52-week high of $62.70. The stock seems to have been impacted by overall weakness that has resulted in declines for peers Western Digital (WDC) and Micron (MU) as well. The fall in NAND prices has led to a steep fall in stock prices.